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Reverse mortgage

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gladysgold2 Joined: 29 Jul 2008 Posts: 3 1.90 Dollars($)	Posted: Tue Jul 29, 2008 1:23 pm    Post subject: Reverse mortgage 1.If I deed or transfer ownership of my home (purchased 2007 paid cash) to my Aunt who is 64 will she still be able to get reverse mortgage? 2. If my Aunt 64 is added as a co-owner on my home fully paid for will she still be able to do reverse mortgage? I am 40years
adonis Joined: 22 Oct 2005 Posts: 1457 Location: ALASKA 138.81 Dollars($)	Posted: Tue Jul 29, 2008 9:22 pm    Post subject: Welcome gladysgold, Your aunt needs to be the principal owner of the property. Only then she'll be able to get a reverse mortgage. Know more on the eligibility criteria from http://www.mortgagefit.com/reverse-eligible.html . _________________ Procrastination is the enemy of your financial sucess

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